Random conversations

[Matt]

Just remember to clear out your expectations before starting The Return. It will not align with anything you’re expecting. Watch Fire Walk Wall With Me first though.

[goosehd]

Anyone thinking about buying SpaceX stock? Thoughts on trying to get in immediately or waiting a week or two? I'm tempted, but feel that there will be a decent drop from the IPO and should start climbing in a month or two when everything starts to settle.

[NickD]

@goosehd no, I don't want to make Elon Musk any richer.

[Chap]

@goosehd said in Random conversations:

Anyone thinking about buying SpaceX stock? Thoughts on trying to get in immediately or waiting a week or two? I'm tempted, but feel that there will be a decent drop from the IPO and should start climbing in a month or two when everything starts to settle.

It’s 2026, I am 55, do I want to invest into traveling to Mars? Nope definitely not… and then there is one of worst person on earth

[goosehd]

I feel the same about the man, but the company and the Starlink system of satellites has made our lives much easier than what we were dealing with before. Living in a rural area, internet was spotty at best with download speeds of 20 Mbps at best and upload of 1-2Mbps...With Starlink I now have 200-400 Mbps download and 20-50 Mbps upload. It has made running a business from home much easier...especially when you consider some of the files sizes we deal with on a routine basis.

[goosehd]

It does feel like I'm sleeping with the devil though...and hate that aspect.

[Chap]

@goosehd said in Random conversations:

I feel the same about the man, but the company and the Starlink system of satellites has made our lives much easier than what we were dealing with before. Living in a rural area, internet was spotty at best with download speeds of 20 Mbps at best and upload of 1-2Mbps...With Starlink I now have 200-400 Mbps download and 20-50 Mbps upload. It has made running a business from home much easier...especially when you consider some of the files sizes we deal with on a routine basis.

I agree, and maybe it will be a good investment, who knows. But it would not fit into my investment strategy which is more conservative, dividend related aso., I am a Munger/Buffet fanboy… and I would simply not invest into an IPO in general.

Do we need a stockmarket thread?

[goosehd]

@Chap I wonder about that sometimes...

We are conservative as well, but on occasion I see something that sparks my interest, then I remember my father-in-laws advice that there is no such thing as easy money (especially fast easy money). Also, never gamble more than you're willing to lose...he wasn't a gambler

I still miss him and his advice.

[Giles]

Not interested in the slightest, when it comes to investing I have the opposite of the Midas Touch.....

[Matt]

Dennis… shame on you. You’d willingly empower the destroyers of the world, and perhaps other worlds, for faster internet?

[Chap]

@goosehd said in Random conversations:

@Chap I wonder about that sometimes...

We are conservative as well, but on occasion I see something that sparks my interest, then I remember my father-in-laws advice that there is no such thing as easy money (especially fast easy money). Also, never gamble more than you're willing to lose...he wasn't a gambler

I still miss him and his advice.

That’s all you need to know about investing… time in the market beats timing the market is my way, I don’t have to jump on the hypes

[Chap]

@Giles said in Random conversations:

Not interested in the slightest, when it comes to investing I have the opposite of the Midas Touch.....

I have to… because I want to retire

[goosehd]

@Chap you could sell yoghurt and bread.

[Chap]

@goosehd said in Random conversations:

@Chap you could sell yoghurt and bread.

That‘ll be my second income… dividends, yoghurt and bread

[goosehd]

...and mine. I won't make much, but I'll have fun doing it

[Chap]

@goosehd Even more brilliant! Married a rich wife?

[goosehd]

@Chap ...a smart one.

[goosehd]

Advice for anyone reading this: G and I were chatting one day about investments and when comparing notes, I realized we had a hole in our investment strategy. We had a rainy day fund of cash that wasn't doing anything. It was there for when/if we needed it...the question then is when and how fast do you need it.

We started putting the rainy day fund into short term GIC's that come to term in 1 year increments and invested them in quarters, so that every 3 months something is coming due and we can either reinvest or take it out for the rainy day...

That conversation is not making huge amounts of money, but it is making money. Thank you @Giles as it was a brilliant conversation.

[Chap]

@goosehd as long as it makes more than inflation you’re fine

[Giles]

@goosehd said in Random conversations:

Thank you @Giles as it was a brilliant conversation.

An accident like all my brilliant conversations....